The Latest Breaking News from USDA

Lean hog futures posted Friday gains of 97 cents to $1.50, as bulls fought back to close out the week. October was still down 57 cents since last Friday. USDA’s national base hog price was down $2.49 in the Friday PM report, at $107.88. The CME Lean Hog Index was...

Mounted patrol officers, known as tick riders, who typically patrol the southern border to protect cattle from fever tick, will also now serve as the first line of defense against screwworm.

The U.S. plans to build a $750 million factory in southern Texas to breed billions of sterile flies

Live cattle futures are up $3.02 to $4 at Friday’s midday. Cash trade has picked up this week, with light dressed trade at $384-386 in the North, with live action at $243-245. Southern bids have been picked up at $233. The Friday morning Fed Cattle Exchange online auction showed sales...

Corn futures are in rally back mode to round out the week, as contracts are up 5 to 7 cents across the front months. The CmdtyView national average Cash Corn price is up 6 1/4 cent at $3.63 1/2. Precip is limited over the next week for much of the...

The wheat complex is mixed at midday, with the soft red market leading the charge higher and spring wheat softer. CBT soft red wheat futures are up 1 to 2 cents in the nearbys. KC HRW futures are showing fractional gains across most contracts on Friday. MPLS spring wheat is...

Lean hog futures are up $1.20 to $1.525 across the front months so far on Friday. USDA’s national base hog price was down $2.25 in the Friday AM report, at $108.33. The CME Lean Hog Index was back up a nickel at $109.83 on August 12. USDA’s FOB plant pork...

Cotton futures are down 11 to 15 points across the front months on Friday. The US dollar index is down another $0.408 to $97.695, as crude oil futures are down another $0.63 USDA’s Export Sales data as the new crop book at 3.127 million RB, which is 28% of the...

October NY world sugar #11 (SBV25 ) today is down -0.14 (-0.84%), and October London ICE white sugar #5 (SWV25 ) is down -7.50 (-1.53%). NY sugar prices today are seeing continued long liquidation pressure after the rally up to Tuesday's 2-month high. As a bullish factor, Unica today reported...

September arabica coffee (KCU25 ) today is up +12.40 (+3.80%), and September ICE robusta coffee (RMU25 ) is up +62 (+1.52%). Coffee prices today extended this week's sharp rally, boosted by short-covering and technical buying with the upside breakouts to new 2-month highs. Bullish fundamental factors include the frost event...

Yes, I know USDA's August guess for US corn production was a "whopper" (take that as you will), but is the various components of the corn market itself telling us a different story?